Level-funded health plans offer a cost-effective solution

Level-funded health plans offer a cost-effective solution for small businesses

A variety of forward-thinking insurance companies are revolutionizing the landscape of small-group health insurance. These innovators are dedicated to tailoring health plans specifically for small businesses, utilizing level-funded health plans and placing a strong emphasis on enhancing the value of healthcare.

Level-funded health plans offer a cost-effective solution for small businesses, allowing them to pay only for the healthcare their employees actually use, along with fixed administrative charges. This approach prevents small businesses from overspending on high premiums for benefits that may go unused. Additionally, the inclusion of stop-loss insurance provides protection for employers in case claims costs exceed a specified limit.

Modern insurers are shifting their focus from outdated models that prioritize acute condition care and high reimbursement rates to strategies that invest in accessibility, quality, and transparency. The aim is to incentivize quality care, cost savings, and improved patient outcomes.

We cater to small- to medium-sized businesses  with a workforce ranging from 5 to 300 employees, addressing common challenges faced by small businesses in the realm of health insurance. Key features include:

• Comprehensive coverage: Offering extensive health plans encompassing medical, vision, and dental care.

• Complimentary care: Providing convenient access to modern healthcare providers for services ranging from telehealth to complex procedures, often at minimal or no cost to members.

• Fair pricing: Implementing self-funded plans that ensure businesses only pay for the healthcare services they use, resulting in significantly lower premiums for healthy groups.

• Flexible nationwide network: Allowing employees access to over 1.7 million provider locations and permitting visits to providers outside the network without incurring out-of-network fees.

• Simplified benefits administration: Streamlining plan management with features like easy open enrollment, invoice reconciliation, employee addition and removal, and transparent viewing of claims expenditures.

By adopting these strategies, we are leading the way in transitioning to a healthcare system that prioritizes quality care, cost efficiency, and better overall health outcomes for patients.